FOOD & BEVERAGE
Global Mirin Market - Industry Trends and Forecast to 2032
REPORT OVERVIEW
Global Mirin Market, By Type (Aji-mirin, Hon-mirin, Shio mirin), Packaging (Glass Bottles, Plastic Bottles, Tetra Paks), Flavor (Classic Mirin, Sweet Mirin, Hon Mirin, Shiro Mirin), Application (Sushi and Sashimi, Teriyaki Sauce, Glazes and Marinades, Stir-fries, Pickling), End User (Home Cooks, Restaurants, Commercial Kitchens), Distribution Channel (Supermarkets/Hypermarkets, Convenience Stores, Online Retailers, Specialty Stores, Food Service Providers), Region (North America, Europe, Asia-Pacific, South America, Middle East and Africa) – Industry Trends and Forecast to 2032.
Market Insights
The global mirin market size is valued to be USD xx million in 2023 and is expected to reach USD xx million by 2032, and it is expected to register a CAGR of xx% over the forecast period 2024-2032.
Mirin is a sweet rice wine used in Japanese cuisine, recognized for its thick, slightly syrupy texture and peculiar flavor. It is prepared of sticky rice, koji (a mold), and shochu (distilled alcohol). Mirin is a popular ingredient that gives food depth and a hint of sweetness when used to sauces, glazes, and marinades. The Mirin Market includes the manufacturing, distribution, and consumption of this traditional Japanese condiment. It covers a range of mirin products, including genuine hon-mirin and mirin-style items. Consumer tastes, culinary trends, and geographical demand all have an influence on market dynamics. The market is dominated by major food manufacturers as well as specialty Japanese condiment producers. Global interest in Japanese cuisine and culinary discovery is fueling the market's expansion.
The respective global report analyses market trends, consumer behaviour and industry dynamics to guide towards entry into new markets with ease. Also, it assists in tailoring market specific and related products and services to meet the needs, preferences, and expectations of target audience by delving into their psychology. The report also specializes with comprehensive and extensive competitive analysis which offers useful insights into competitor strengths, weaknesses, opportunities, and threats. The respective report offers exclusive insights into the potential impact of disruptive developments and technologies that are expected to completely transform corporate operations. The context includes tailor-made research solutions to create a stronger footprint in their particular industries thereby offering dedicated customized solutions according to the client needs which helps in addressing unique business challenges with more simplified and efficient decision-making solutions.
Market Dynamics
DRIVERS
- Rising interest in culinary diversity and ethnic foods.
- Increased consumer awareness of traditional and artisanal food products.
RESTRAINTS
- High production costs and pricing pressures.
- Limited availability of traditional production methods.
OPPORTUNITIES
- Growth in the global organic food market.
- Expansion of distribution channels and online retailing.
CHALLENGES
- Competition from alternative seasoning products.
- Supply chain and logistical issues.
SEGMENTATION
- Type
- Aji-mirin
- Hon-mirin
- Shio mirin
- Packaging
- Glass Bottles
- Plastic Bottles
- Tetra Paks
- Flavor
- Classic Mirin
- Sweet Mirin
- Hon Mirin
- Shiro Mirin
- Application
- Sushi and Sashimi
- Teriyaki Sauce
- Glazes and Marinades
- Stir-fries
- Pickling
- End User
- Home Cooks
- Restaurants
- Commercial Kitchens
- Distribution Channel
- Supermarkets/Hypermarkets
- Convenience Stores
- Online Retailers
- Specialty Stores
- Food Service Providers
The respective global report is completely customizable specific to regions (North America, Europe, Asia-Pacific, South America, Middle East and Africa), countries, and segments as per the client requirements.
REGIONAL SEGMENTATION
- North America
- U.S.
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- The Netherlands
- Belgium
- Turkey
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Singapore
- Malaysia
- Australia
- Thailand
- Philippines
- Rest of Asia-Pacific
- South America
- Brazil
- Argentina
- Chile
- Colombia
- Rest of South America
- Middle East and Africa
- Kingdom of Saudi Arabia
- South Africa
- U.A.E.
- Egypt
- Rest of Middle East and Africa
KEY MARKET PLAYERS
- Kikkoman Corporation
- Eden Foods
- Mizkan Holdings
- Sakura Foods Corporation
- Higashimaru Shoyu Co., Ltd.
- Takara Sake
- Yutaka
- Kankyo Shuzo
- Urban Platter
- Soeos
Table OF CONTENTS
- SECTION 1 - INTRODUCTION
- 1.1 Taxonomy
- 1.2 Market Overview
- 1.3 Currency and Limitations
- 1.3.1 Currency
- 1.3.2 Limitations
- 1.4 Key Competitors
- SECTION 2 - RESEARCH METHODOLOGY
- 2.1 Research Approach
- 2.2 Data Collection and Validation
- 2.2.1 Secondary Research
- 2.2.2 Primary Research
- 2.3 Market Assessment
- 2.3.1 Market Size Estimation
- 2.3.2 Bottom-up Approach
- 2.3.3 Top-down Approach
- 2.3.4 Growth Forecast
- 2.4 Market Study Assumptions
- 2.5 Data Sources
- SECTION 3 - EXECUTIVE SUMMARY
- 3.1 Global Mirin Market, by Type
- 3.2 Global Mirin Market, by Packaging
- 3.3 Global Mirin Market, by Flavor
- 3.4 Global Mirin Market, by Application
- 3.5 Global Mirin Market, by End User
- 3.6 Global Mirin Market, by Distribution Channel
- 3.7 Global Mirin Market, by Geography
- 3.8 Market Position Grid
- SECTION 4 - PREMIUM INSIGHTS
- 4.1 Regulatory Framework
- 4.1.1 Standards
- 4.1.2 Regulatory Landscape
- 4.2 Value Chain Analysis
- 4.3 Supply Chain Analysis
- 4.4 COVID-19 Impact
- 4.5 Russia-Ukraine War Impact
- 4.6 PORTER's Five Force Analysis
- 4.7 PESTLE Analysis
- 4.8 SWOT Analysis
- 4.9 Go to Market Strategy
- 4.10 Opportunity Orbit
- 4.11 Multivariate Modelling
- 4.12 Pricing Analysis
- SECTION 5 - MARKET DYNAMICS
- 5.1 Trends
- 5.1.1 Increasing popularity of Japanese cuisine globally.
- 5.1.2 Rising demand for authentic and premium products.
- 5.1.3 Trend 3
- 5.2 Drivers
- 5.2.1 Rising interest in culinary diversity and ethnic foods.
- 5.2.2 Increased consumer awareness of traditional and artisanal food products.
- 5.2.3 Driver 3
- 5.2.4 Driver 4
- 5.3 Restraints
- 5.3.1 High production costs and pricing pressures.
- 5.3.2 Limited availability of traditional production methods.
- 5.3.3 Restraint 3
- 5.4 Opportunities
- 5.4.1 Growth in the global organic food market.
- 5.4.2 Expansion of distribution channels and online retailing.
- 5.4.3 Opportunity 3
- 5.4.4 Opportunity 4
- 5.5 Challenges
- 5.5.1 Competition from alternative seasoning products.
- 5.5.2 Supply chain and logistical issues.
- 5.5.3 Challenge 3
- SECTION 6 - GLOBAL MIRIN MARKET, BY TYPE
- 6.1 Type Summary
- 6.2 Market Attractive Index
- 6.3 Global Mirin Market, by Type (2019-2032)
- SECTION 7 - GLOBAL MIRIN MARKET, BY PACKAGING
- 7.1 Packaging Summary
- 7.2 Market Attractive Index
- 7.3 Global Mirin Market, by Packaging (2019-2032)
- SECTION 8 - GLOBAL MIRIN MARKET, BY FLAVOR
- 8.1 Flavor Summary
- 8.2 Market Attractive Index
- 8.3 Global Mirin Market, by Flavor (2019-2032)
- SECTION 9 - GLOBAL MIRIN MARKET, BY APPLICATION
- 9.1 Application Summary
- 9.2 Market Attractive Index
- 9.3 Global Mirin Market, by Application (2019-2032)
- SECTION 10 - GLOBAL MIRIN MARKET, BY END USER
- 10.1 End User Summary
- 10.2 Market Attractive Index
- 10.3 Global Mirin Market, by End User (2019-2032)
- SECTION 11 - GLOBAL MIRIN MARKET, BY DISTRIBUTION CHANNEL
- 11.1 Distribution Channel Summary
- 11.2 Market Attractive Index
- 11.3 Global Mirin Market, by Distribution Channel (2019-2032)
- SECTION 12 - GLOBAL MIRIN MARKET, BY GEOGRAPHY
- 12.1 Regional Summary
- 12.2 Market Attractive Index
- 12.3 Global Mirin Market, by Geography (2019-2032)
- SECTION 13 - NORTH AMERICA MIRIN MARKET
- 13.1 North America Summary
- 13.2 Market Attractive Index
- 13.3 North America Mirin Market, by Type (2019-2032)
- 13.4 North America Mirin Market, by Packaging (2019-2032)
- 13.5 North America Mirin Market, by Flavor (2019-2032)
- 13.6 North America Mirin Market, by Application (2019-2032)
- 13.7 North America Mirin Market, by End User (2019-2032)
- 13.8 North America Mirin Market, by Distribution Channel (2019-2032)
- 13.9 North America Mirin Market, by Country (2019-2032)
- 13.9.1 U.S.
- 13.9.2 Canada
- 13.9.3 Mexico
- 13.9.4 Rest of North America
- SECTION 14 - EUROPE MIRIN MARKET
- 14.1 Europe Summary
- 14.2 Market Attractive Index
- 14.3 Europe Mirin Market, by Type (2019-2032)
- 14.4 Europe Mirin Market, by Packaging (2019-2032)
- 14.5 Europe Mirin Market, by Flavor (2019-2032)
- 14.6 Europe Mirin Market, by Application (2019-2032)
- 14.7 Europe Mirin Market, by End User (2019-2032)
- 14.8 Europe Mirin Market, by Distribution Channel (2019-2032)
- 14.9 Europe Mirin Market, by Country (2019-2032)
- 14.9.1 Germany
- 14.9.2 U.K.
- 14.9.3 France
- 14.9.4 Italy
- 14.9.5 Spain
- 14.9.6 Russia
- 14.9.7 The Netherlands
- 14.9.8 Belgium
- 14.9.9 Turkey
- 14.9.10 Rest of Europe
- SECTION 15 - ASIA-PACIFIC MIRIN MARKET
- 15.1 Asia-Pacific Summary
- 15.2 Market Attractive Index
- 15.3 Asia-Pacific Mirin Market, by Type (2019-2032)
- 15.4 Asia-Pacific Mirin Market, by Packaging (2019-2032)
- 15.5 Asia-Pacific Mirin Market, by Flavor (2019-2032)
- 15.6 Asia-Pacific Mirin Market, by Application (2019-2032)
- 15.7 Asia-Pacific Mirin Market, by End User (2019-2032)
- 15.8 Asia-Pacific Mirin Market, by Distribution Channel (2019-2032)
- 15.9 Asia-Pacific Mirin Market, by Country (2019-2032)
- 15.9.1 China
- 15.9.2 India
- 15.9.3 Japan
- 15.9.4 South Korea
- 15.9.5 Singapore
- 15.9.6 Malaysia
- 15.9.7 Australia
- 15.9.8 Thailand
- 15.9.9 Philippines
- 15.9.10 Rest of Asia-Pacific
- SECTION 16 - SOUTH AMERICA MIRIN MARKET
- 16.1 South America Summary
- 16.2 Market Attractive Index
- 16.3 South America Mirin Market, by Type (2019-2032)
- 16.4 South America Mirin Market, by Packaging (2019-2032)
- 16.5 South America Mirin Market, by Flavor (2019-2032)
- 16.6 South America Mirin Market, by Application (2019-2032)
- 16.7 South America Mirin Market, by End User (2019-2032)
- 16.8 South America Mirin Market, by Distribution Channel (2019-2032)
- 16.9 South America Mirin Market, by Country (2019-2032)
- 16.9.1 Brazil
- 16.9.2 Argentina
- 16.9.3 Chile
- 16.9.4 Colombia
- 16.9.5 Rest of South America
- SECTION 17 - MIDDLE EAST AND AFRICA MIRIN MARKET
- 17.1 Middle East and Africa Summary
- 17.2 Market Attractive Index
- 17.3 Middle East and Africa Mirin Market, by Type (2019-2032)
- 17.4 Middle East and Africa Mirin Market, by Packaging (2019-2032)
- 17.5 Middle East and Africa Mirin Market, by Flavor (2019-2032)
- 17.6 Middle East and Africa Mirin Market, by Application (2019-2032)
- 17.7 Middle East and Africa Mirin Market, by End User (2019-2032)
- 17.8 Middle East and Africa Mirin Market, by Distribution Channel (2019-2032)
- 17.9 Middle East and Africa Mirin Market, by Country (2019-2032)
- 17.9.1 Kingdom of Saudi Arabia
- 17.9.2 South Africa
- 17.9.3 U.A.E.
- 17.9.4 Egypt
- 17.9.5 Rest of Middle East and Africa
- SECTION 18 - COMPANY SHARE ANALYSIS
- 18.1 Global Mirin Market, Company Share Analysis
- 18.2 North America Mirin Market, Company Share Analysis
- 18.3 Europe Mirin Market, Company Share Analysis
- 18.4 Asia-Pacific Mirin Market, Company Share Analysis
- SECTION 19 - COMPANY PROFILES
- 19.1 Kikkoman Corporation
- 19.1.1 Company Snapshot
- 19.1.2 Financial Overview
- 19.1.3 Product Portfolio
- 19.1.4 Recent Developments
- 19.2 Eden Foods
- 19.2.1 Company Snapshot
- 19.2.2 Financial Overview
- 19.2.3 Product Portfolio
- 19.2.4 Recent Developments
- 19.3 Mizkan Holdings
- 19.3.1 Company Snapshot
- 19.3.2 Financial Overview
- 19.3.3 Product Portfolio
- 19.3.4 Recent Developments
- 19.4 Sakura Foods Corporation
- 19.4.1 Company Snapshot
- 19.4.2 Financial Overview
- 19.4.3 Product Portfolio
- 19.4.4 Recent Developments
- 19.5 Higashimaru Shoyu Co., Ltd.
- 19.5.1 Company Snapshot
- 19.5.2 Financial Overview
- 19.5.3 Product Portfolio
- 19.5.4 Recent Developments
- 19.6 Takara Sake
- 19.6.1 Company Snapshot
- 19.6.2 Financial Overview
- 19.6.3 Product Portfolio
- 19.6.4 Recent Developments
- 19.7 Yutaka
- 19.7.1 Company Snapshot
- 19.7.2 Financial Overview
- 19.7.3 Product Portfolio
- 19.7.4 Recent Developments
- 19.8 Kankyo Shuzo
- 19.8.1 Company Snapshot
- 19.8.2 Financial Overview
- 19.8.3 Product Portfolio
- 19.8.4 Recent Developments
- 19.9 Urban Platter
- 19.9.1 Company Snapshot
- 19.9.2 Financial Overview
- 19.9.3 Product Portfolio
- 19.9.4 Recent Developments
- 19.10 Soeos
- 19.10.1 Company Snapshot
- 19.10.2 Financial Overview
- 19.10.3 Product Portfolio
- 19.10.4 Recent Developments
- SECTION 20 - RELATED REPORTS
- SECTION 21 - DISCLAIMER
RESEARCH METHODOLOGY
The research methodology employed in Uniprism Market Research involves four basic steps namely research and data collection, data pre-processing, modeling and forecasting, quality assurance and output.
RESEARCH AND DATA COLLECTION
A tripod model research technique is followed for research and data collection in which various approaches such as primary research, secondary research, and product mapping are considered.
Primary research basically involves the process of conducting personalized interviews with market related professionals of major market players, investors, distributors, vendors and many more.
The secondary research include data published by government, annual reports, press releases, investor presentations of companies, white papers, certified publications, annual manufacturing limit of the respective industries related to the market, production consumption analysis of certain products respective to the market and many more.
Below mention are few of the sources which we have considered while estimating the market size:
For instance,
- Research articles published on Technium
- Science and MDPI
- Research publications by government approved associations and societies
Product mapping means the process of mapping the list of products that a key player contributes to the market as well as estimating the revenue of those products in order to define the Global Company share analysis of the respective Global Company in global, regional, and country level markets.
DATA PRE-PROCESSING
The term "data pre-processing" refers to the collection of procedures and methods used to clean, modify, and make ready for analysis the raw data gathered during research and data collection. The completion of this phase is necessary to guarantee that the data are reliable, consistent, and appropriate for statistical analysis and other data-driven tasks. The data pre-processing ensures that the information gathered from research and data collection is comparable and expressed in standard units, by the integration of missing data pointers and algorithmic approaches.
MODELING AND FORECASTING
The process of developing mathematical, statistical, or computational representations of real-world occurrences or relationships is known as modelling. These models are intended to replicate and explain market interactions, interdependence, and dynamics. These models are used by Uniprism Market Research to acquire a better knowledge of numerous market characteristics such as customer preferences, pricing elasticity, competition dynamics, and more. Depending on the individual study aims, many types of models are utilized, such as regression models, econometric models, decision tree models, and machine learning models.
Forecasting is the process of predicting future market conditions, trends, and occurrences using past data and models. Forecasting is used by Uniprism Market Research to estimate future sales, demand for products or services, market growth, and other important performance metrics. Forecasting accurately can assist organizations in making educated decisions about resource allocation, pricing, inventory management, and marketing tactics.
We create standardized bottom-up or top-down models that scale by leveraging data science and machine learning technology. All our market models consider the unique market characteristics of each country. Forecasting is based on major market indicators and a combination of traditional methodologies, such as exponential smoothing, time series analysis, regression analysis, and more modern techniques such as machine learning algorithms are all forecasting methodologies. The method chosen is determined on the nature of the data and the specific forecasting aims.
QUALITY ASSURANCE AND OUTPUT
Quality assurance and output involves the process of validation, adjustments, further publications of key market indicators. Extensive plausibility and consistency tests are performed on derived time series to ensure the high degree of quality of our market analysis. This quality assurance procedure also includes rigorous inspection, validation, and editing by an experienced management team to assure the dependability of the published data.